Geely Group has noted media speculation in Frankfurter Allgemeine Zeitung (FAZ) concerning its alleged interest in increasing its strategic investment in Daimler AG. To avoid unnecessary speculation, Geely Holding has today issued the following statement:
Geely Group has noted the speculative media report carried by Frankfurter Allgemeine Zeitung (FAZ) concerning its alleged interest in increasing its strategic investment in Daimler AG.
As stated when Geely Group acquired 9.69% of Daimler AG earlier this year, neither Geely Holding nor its Chairman Li Shufu have any intention to increase its shareholding either directly or through any of its affiliates.
Neither Geely Group nor its Chairman or its affiliates have entered into any contracts or financial instruments that would, in future, give access to further Daimler AG shares. Geely Group, its Chairman and affiliates are also not collaborating with any third parties with the aim to acquire any additional shares or instruments.
Media reports implying anything to the contrary are incorrect and misleading.
Geely Group remains a long-term strategic investor in Daimler AG and fully supports the current strategy under the leadership of Dr. Dieter Zetsche, Chairman of the Board of Management.